34,736 Shares in Urban Edge Properties $UE Acquired by Diversified Trust Co

Diversified Trust Co bought a new position in shares of Urban Edge Properties (NYSE:UE) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 34,736 shares of the real estate investment trust’s stock, valued at approximately $694,000.

Other hedge funds have also bought and sold shares of the company. Hsbc Holdings PLC lifted its stake in shares of Urban Edge Properties by 9.0% during the fourth quarter. Hsbc Holdings PLC now owns 242,081 shares of the real estate investment trust’s stock worth $4,646,000 after buying an additional 19,933 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in Urban Edge Properties in the 4th quarter worth $205,000. Empowered Funds LLC purchased a new position in Urban Edge Properties in the 4th quarter worth $78,000. Wellington Management Group LLP lifted its position in Urban Edge Properties by 1.8% during the 4th quarter. Wellington Management Group LLP now owns 4,606,296 shares of the real estate investment trust’s stock worth $88,395,000 after acquiring an additional 82,594 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in Urban Edge Properties during the 4th quarter worth about $16,858,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

UE has been the topic of several research analyst reports. BTIG Research reiterated a “buy” rating and set a $25.00 price target on shares of Urban Edge Properties in a research note on Friday, June 12th. UBS Group raised their price objective on Urban Edge Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Finally, Weiss Ratings raised Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $22.80.

Urban Edge Properties Trading Up 1.4%

Shares of Urban Edge Properties stock opened at $23.25 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a fifty day moving average price of $22.21 and a 200 day moving average price of $20.77. Urban Edge Properties has a 1 year low of $18.36 and a 1 year high of $24.11. The stock has a market cap of $2.93 billion, a PE ratio of 27.03 and a beta of 0.98.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.06. Urban Edge Properties had a return on equity of 7.80% and a net margin of 22.20%.The business had revenue of $132.62 million during the quarter, compared to analysts’ expectations of $119.45 million. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. Equities research analysts predict that Urban Edge Properties will post 1.49 earnings per share for the current year.

Urban Edge Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. Urban Edge Properties’s payout ratio is presently 97.67%.

Insider Transactions at Urban Edge Properties

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 161,553 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $21.73, for a total value of $3,510,546.69. Following the sale, the chief executive officer owned 22,699 shares in the company, valued at approximately $493,249.27. This represents a 87.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.70% of the company’s stock.

Urban Edge Properties Profile

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that specializes in owning, operating and developing grocery-anchored shopping centers. The company was formed in January 2017 as a spin-off from Regency Centers Corporation, establishing an independent platform focused on urban and densely populated markets. As a fully integrated REIT, Urban Edge oversees the acquisition, financing, leasing, redevelopment and management of its retail properties.

The company’s portfolio comprises predominantly open-air shopping centers anchored by national and regional supermarket operators.